Etherum Etfs closed another week in Red, where net flows were recorded amid constant constant frequency.
It is worth noting that there has been no one week of clear flows since the end of February, with the highlight of the institutional interest in the ETH products.
Ethereum Etfs face fixed flows
ETHEREUM, which is supported by ETHEREUM, has registered the seventh week of net flow, highlighting the continuous institutional frequency towards the original.
This week alone, the total net flows of Spot ETH 82.47 million dollars, which represents an increase of 39 % of $ 49 million recorded in external flows in the previous week.
With the steady decrease in the institutional presence in the ETH market, the pressure pressure on the currency increased.
Last week, the ETH price decreased by 11 %. Fixed flows of currency -backed funds indicate that the landfill may continue, which increases the probability of the price lower to less than 1500 dollars.
On the prices for the prices, technical indicators remain declining, confirming the escalating pressure on the market selling side. For example, at the time of the press, readings from the directional movement indicator of ETH (DMI) show a positive trend (+DI) index that is located below the negative trend index (-DI).
The DMI index measures the strength of the price price. It consists of two lines: +DI, which represents an upward price movement, and -di, which represents the descending price movement.
As with ETH, when +DI +is less than -Di, the market is in a declining direction, as the declining price movement dominates the market morale.
Ethereum price may decrease to less than $ 1500
The lack of institutional capital can delay any significant recovery in the price of ETH, which reduces more short -term possibilities for recovery. If the demand tends further, the ETH may explode from its narrow range and follow a landmark.
Altcoin can decrease to less than $ 1500 in this scenario to reach $ 1,395.
However, if ETH sees a positive transformation in high feelings and high demand, its price may rise to $ 2114.
Disintegration
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